India's economic engine is revving up, but navigating the global headwinds requires sharp strategy. The rupee's recent volatility against the dollar underscores the complexities facing Indian businesses, impacting everything from import-export trade to domestic inflation. This week alone, we've seen significant shifts in the IT sector, with major players announcing restructuring and a renewed focus on AI-driven solutions. Meanwhile, the burgeoning startup ecosystem continues to attract substantial funding, despite a cautious global investor sentiment. The government's recent policy announcements on infrastructure development and digitalization are poised to further shape the business landscape, creating both opportunities and challenges for entrepreneurs and established corporations alike. Understanding these market dynamics is crucial for success in today's rapidly evolving Indian economy. Stay informed with Abtak.com for the latest insights and analysis on key sectors including finance, manufacturing, and technology – empowering your business decisions in a dynamic market. Explore the complete business news section now to stay ahead of the curve.
Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. A recent report from Bloomberg has unveiled a striking decline in corporate investment in crypto treasuries, highlighting a significant shift in this new trend that has considerably taken the market by storm throughout the year. Purchases by publicly traded digital-asset treasuries have plummeted dramatically, from 64,000 Bitcoin (BTC) in July to just 12,600 in August, with September's figures currently at around 15,500. This drop represents a major 76% decrease from the fervor of early summer. The broader cryptocurrency market has faced additional challenges, with Bitcoin experiencing nearly a 6% decline over the past week, exacerbated by a broader selloff characterized by sudden liquidations. Shares in some treasuries that previously raised capital through PIPE (Private Investment in Public Equity) deals have seen valuations plummet, with some trading down as much as 97% below their initial issuance prices. One of the reasons behind this shift is regulatory scrutiny, with reports indicating that US authorities are now investigating "unusual trading activity" within digital-asset treasury shares ahead of their acquisitions. Markus Thielen, head of 10x Research, alleges that there is limited transparency regarding the crypto acquisition prices of the underlying tokens and the actual share counts, particularly since many PIPE deals include warrants that complicate matters with their volatility and dilution effects. The valuations of some treasury firms, which once enjoyed high market premiums, have drastically declined, with their market value approaching the actual Bitcoin they hold. This shift is measured by the market-cap-to-NAV (net asset value) multiple, which now reflects a concerning trend: the disconnect between stock prices and the value of Bitcoin reserves is closing. As corporate buyers retreat, Bloomberg asserts that the crypto market is experiencing a "feedback loop" that diminishes institutional support. The report alleges that this absence of a stable capital source undermines demand, leading to a more precarious market environment. The current landscape has given rise to a "two-speed market." On one hand, derivative markets exhibit significant stress, with demand for longer-dated futures collapsing and $275 million worth of Bitcoin longs liquidated in just 24 hours. Conversely, crypto-related products continue to attract investment, as evidenced by the iShares Bitcoin Trust exchange-traded fund (ETF), which garnered $2.5 billion in inflows in September, a substantial increase from $707 million the previous month. Jeff Dorman, chief investment officer at Arca, emphasized that the current weakness in the crypto market is likely a consequence of diminished activity from digital asset treasuries rather than a direct cause of selling pressure. The reduction of these major buyers, he contends, has created a more cautious market environment. Featured image from DALL-E, chart from TradingView.com
New Delhi [India], June 30 (ANI): Despite an uncertain and challenging global economic backdrop, the Indian economy remains a key driver of global growth -- underpinned by sound macroeconomic fundamentals and prudent macroeconomic policies, RBI said in its latest Financial Stability Report. Elevated economic and trade policy uncertainties are testing the resilience of the global economy and the financial system. Also Read | 'I Stand Firmly With Diljit': Actor Naseeruddin Shah Comes Out in Support of Punjabi Singer-Actor Diljit Dosanjh Amid 'Sardaar Ji 3' Controversy. "Financial markets rema ...Read More >
Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Strategy, formerly known as MicroStrategy, is on track to report an impressive $14 billion in unrealized gains from its extensive Bitcoin accumulation strategy. Co-founded by Michael Saylor, the company has successfully transformed itself from a struggling enterprise software provider into a leading leveraged Bitcoin proxy, drawing comparisons to major corporate powerhouses such as Amazon and JPMorgan Chase. According to a recent Bloomberg report, Strategy's anticipated profit ...Read More >
CoinEx Charity's Starlink Program, under its "Bridge to Hope" initiative, has launched its first Starlink unit in the Philippines, aiming to bring high-speed satellite internet to remote areas. The first deployment in EB Magalona, Negros Occidental, enhances access to education, economic opportunities, and essential services. Mayor Marvin Malacon highlighted plans for educational seminars on blockchain and cryptocurrency. CoinEx Charity, established in 2022, focuses on global charitable efforts, while CoinEx, a leading crypto exchange, offers user-friendly trading services to over 10 million u ...Read More >
New Delhi [India], May 28: What happens when Pi Network (PI) market analysis shows stalled momentum and the Shiba Inu (SHIB) trend shift reveals a massive 74% drop in whale activity? Traders start looking elsewhere, and fast. Both coins are holding their ground but not showing the kind of breakout signs needed for big upside in the short term. Meanwhile, one new name is building pressure for a major move: BlockDAG. The most popular cryptocurrency presale right now is entering its final countdown. BDAG Countdown Begins: Special price Ends June 13 as Exchange Listings + Testnet Push Price Rebou ...Read More >
Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Bitcoin (BTC) remains range-bound in the mid-$100,000s, showing no clear directional bias. However, the Hash Ribbons indicator is now flashing a fresh buy signal, suggesting that the top cryptocurrency may be gearing up for its next upward move. According to a recent CryptoQuant Quicktake post by contributor Darkfost, Bitcoin's Hash Ribbons are signalling a potential prime buying opportunity for the leading digital asset. This signal coincides with Bitcoin's hashrate reaching n ...Read More >
Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. As political tensions between US President Donald Trump and Elon Musk escalated yesterday, the Bitcoin (BTC) market experienced a sharp shift in sentiment, with the funding rate on Binance flipping from positive to negative within hours. According to a CryptoQuant Quicktake post by contributor Darkfost, BTC funding rates on Binance have once again turned negative, even as the top cryptocurrency continues to trade above the $100,000 mark at the time of writing. The analyst attr ...Read More >
Jaipur: Police in Didwana have stepped up their probe into a cross-border smuggling case in which they arrested two arms and drug smugglers on June 27 for supplying Austrian Glock and Chinese Norinco pistols. It has emerged that the case has links to a massive Rs 300-crore heroin consignment seized by Punjab's Amritsar police near the India-Pakistan border in Barmer on June 30. Canada-based Joben Kaler was identified as the main overseas handler of the heroin consignment. Didwana-Kuchaman police had arrested Mohammad Ilyas from Khunkhuna and Amarjeet Singh Takhar, alias Prince, from Jalandhar ...Read More >
Mumbai: HDB Financial Services made its debut Wednesday on bourses at ₹835, a premium of 13% over its issue price of ₹740 on NSE. The stock closed 0.6% higher at ₹840.25. The IPO comprised a fresh issue of ₹2,500 crore with an offer for sale of ₹10,000 crore by HDFC Bank. HDB Financial Services is the most subscribed billion-dollar IPO since the Zomato issue four years ago, and the largest non-banking financial company (NBFC) IPO so far. Analysts said investors can choose to hold the stock from a long-term view of 2-3 years while fresh investors can wait for dips to buy. "The listing was be ...Read More >
Investors weigh options like ETFs, PPFs, and Bank FDs as year-end approaches. Experts advocate for a diversified approach to enhance returns while managing risks effectively Many investors start reviewing their portfolios at the end of the year and making calculated choices to reach their financial objectives. Selecting between Exchange Traded Funds (ETFs), Public Provident Funds (PPF), and Bank Fixed Deposits (FDs) for year-end investments is a frequent conundrum. While PPF offers a safe, tax-free return of 7.1% and bank FDs, give stability with returns of 6-7%, exchange-traded funds (ETFs) ...Read More >
Bitcoin World - Let me start by saying that I made over $30,000 in passive income last month. I know, that sounds crazy, right? But I promise you it is 100% real. I used to think that making money while you sleep was something only the super wealthy or tech savvy could do. But it turns out it is totally possible, and I'm here to tell you how I did it," said Dennis. Dennis has been installing photovoltaic panels for three years, and five years ago he asked his wife a question: "Do we really have to work ourselves to death?" She simply responded: "That's life." "To be honest, it was frustratin ...Read More >
Mumbai (Maharashtra) [India], June 6 (ANI): Commodity exchange MCX has received approval from the markets regulator SEBI to launch electricity derivatives. "This development underscores the strong commitment and support of the Regulators - SEBI and Central Electricity Regulatory Commission (CERC) - in enabling a dynamic and sustainable power market," MCX said in a statement Friday, announcing the development. Also Read | Bhagyashree's Husband Himalay Dassani Finally Goes Down on One Knee To Propose to the Actress (See Pics). The electricity derivatives contracts to be introduced by MCX will ...Read More >
New Delhi: The mutual fund exposure in the non-banking financial companies (NBFCs) grow 32.5 per cent to reach Rs 2.77 lakh crore in May, according to a new report. This year-on-year growth was driven by commercial papers (CPs) and corporate debt, which remained over Rs 2 lakh crore for 14 consecutive months, according to a CareEdge Ratings report. The previous records were Rs 2.69 lakh crore in April this year and Rs 2.64 lakh crore in July 2018. However, the share of NBFC credit in total bank credit decreased from 9.3 per cent in May 2024 to 8.5 per cent in May this year, the data showed. ...Read More >
Hyderabad: The Hyderabad Cyber Crime Police have apprehended a 29-year-old man from East Godavari, Andhra Pradesh found actively involved in a high-profile movie piracy racket. In a span of one and half year, he has recorded and leaked about 40 movies in various theaters across Hyderabad. Police arrested Jana Kiran Kumar, works as an AC Technician and residing at NGOs Colony, Vanasthalipuram, Ranga Reddy District and native of Andhra Pradesh. According to police, on June 5, police received a complaint from Yarra Manindra Babu, representing the Anti-Video Piracy Cell of the Telugu Film Chambe ...Read More >
Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Trump and Musk's most "hot" alliance, the breakup is also the most "hot" and spectacular: on Thursday, the two were almost completely torn apart in a live broadcast similar to a reality show. Musk called him "ungrateful" and Trump described him as "crazy". As soon as the news came out, it immediately caused a sharp drop in the stock and crypto markets. ETHRANSACTION reminds cryptocurrency holders to convert their cryptocurrencies into investment plans as soon as possible (to av ...Read More >
Policy 2 min read Cryptocurrencies hamper financial stability: RBI RBI Governor Sanjay Malhotra expressed concerns about cryptocurrencies, citing potential risks to financial stability and monetary policy. While the Supreme Court urged the Centre to formulate clear regulations, India is currently developing a discussion paper on cryptocurrencies, with an inter-ministerial group examining global norms. Mumbai, RBI Governor Sanjay Malhotra on Friday said the central bank is concerned about cryptoc ...Read More >
Bhubaneswar: Revenue minister Suresh Pujari on Saturday said Odisha would not be allowed to follow the lawless path in sand operations like it is in Bihar and West Bengal, while responding to the recent assault of an additional tehsildar in Kaptipada block, Mayurbhanj district, by the sand mafia. He promised stringent action against the sand mafia regardless of their connections, while speaking to mediapersons here on Saturday."The Kaptipada incident represents a serious escalation in conflict between law enforcement and the sand mafia. The attack on officers performing their enforcement dutie ...Read More >
SynopsisOn the technical charts, the RSI of the stock stood at 49.49.Shares of Bajaj Holdings & Investment Ltd. traded 1.41 per cent at Rs 10447.00 at 01:30PM (IST) on Tuesday, even as BSE benchmark Sensex 227.01 points to 79882.84. The stock had closed at Rs 10596.80 in the previous session. The stock quoted a 52-week high price of Rs 11348.50 and 52-week low of Rs 7212.00, respectively. As per BSE data, total traded volume on the counter till 01:30PM (IST) stood at 638 shares with a turnover of Rs 0.68 crore. At the prevailing price, shares of the company traded at 15.71 times its trailing ...Read More >
In a turbulent market environment, Leslie's Inc. (LESL) stock has tumbled to a 52-week low, reaching a price level of just $2.42. This significant downturn reflects a stark contrast from its performance over the past year, with the company's shares experiencing a precipitous decline of -54.12%. Investors are closely monitoring Leslie's financial health and market position, as the stock's current valuation marks a critical juncture for the company's future trajectory. The substantial year-over-year drop has raised concerns among shareholders and market analysts alike, as they seek to understand ...Read More >
New Delhi, Dec 12 (PTI) Gold prices climbed Rs 500 to Rs 80,900 per 10 grams in the national capital on Thursday due to persistent buying by retailers and jewellers, according to the All India Sarafa Association. The precious metal of 99.9 per cent purity finished at Rs 80,400 per 10 grams in the previous trading session. The yellow metal has jumped nearly Rs 2,000 in the past three sessions. Silver also rallied Rs 700 to Rs 97,000 per kg on Thursday. The white metal settled at Rs 96,300 per kg in the previous session. The price of gold of 99.5 per cent purity also surged Rs 500 to Rs 80,5 ...Read More >
For investors, this means that any profits made from selling cryptocurrencies will now be subject to capital gains tax.Source : Ewan Kennedy/Unsplash The Income Tax Appellate Tribunal (ITAT) in Jodhpur has provided much-needed clarity on the taxation of cryptocurrencies in India. The ruling recognises cryptocurrencies as capital assets, setting a framework for how profits from their sale are taxed, especially for transactions made before the Government introduced specific guidelines for Virtual ...Read More >
MUMBAI: The Indian stock markets bounced back strongly on Friday with both the Sensex and Nifty rising sharply during the intra-day trade after a cautious start. The rally was driven by positive global cues and heavy buying in the IT and FMCG stocks. The Sensex jumped 953 points, or 1.17 per cent, to hit an intra-day high of 81, 905. Meanwhile, the Nifty climbed 299 points, or 1.21 per cent, to cross the 24, 900 mark, reaching a high of 24, 909 during early trade. However, the market gave up some of its early gains as the session progressed. Around 1 p.m., the Sensex was trading at 81, 800.8 ...Read More >
Mumbai: The Multi Commodity Exchange of India (MCX) has received approval from the Securities and Exchange Board of India (Sebi) to launch electricity derivatives, according to a regulatory filing on the BSE. These contracts -- linked to the price of electricity -- will allow power generators, distribution companies, and large consumers to hedge against price volatility and manage risks more effectively. "The electricity derivatives contracts will enhance efficiency in the power market," MCX said in its filing. The launch marks the resolution of a long-standing jurisdictional tussle over the ...Read More >
Silchar: Assam chief minister Himanta Biswa Sarma on Friday visited the flood-ravaged districts of Hailakandi and Sribhumi in the Barak Valley. He assured affected residents of providing timely disbursement of rehabilitation grants and swift repair of damaged infrastructure.This marks Sarma's second visit to the flood-hit region within four days, underscoring the gravity of the situation. Speaking to the media in Sribhumi after inspecting multiple relief camps, the CM said, "Flood-related problems may persist till July. I will return before Durga Puja to ensure that roads and infrastructure ar ...Read More >
New Delhi, June 26: The IPO of HDB Financial Services saw robust interest on Day 2 of public subscription, closing the day with 1.16x overall subscription. Backed by HDFC Bank, the offering attracted healthy demand across investor categories, despite volatility in the broader market. Analysts noted that the IPO benefitted from the company's strong brand lineage, extensive rural lending network, and a consistent track record of profitability. According to Gaurav Garg from Lemonn Markets, "HDB Financial Services gives investors exposure to India's expanding rural and underbanked credit markets ...Read More >
Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. As Bitcoin (BTC) continues its steady climb toward its all-time high (ATH) of $111,814 recorded in May 2025, the cryptocurrency is witnessing a notable shift in its holder composition. New on-chain data suggests that BTC "weak hands" are selling their holdings to larger investors. According to a recent Cryptoquant Quicktake post by contributor IT Tech, Bitcoin's supply is moving upstream from retail investors to larger holders. This movement denotes a fundamental shift in the i ...Read More >
Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Ethereum is facing a crucial test as bulls and bears lock into a tight battle around the $2,500 level. Despite repeated attempts, bulls have yet to establish control above this key resistance, while bears have been unable to push the price to new lows, signaling an indecisive but increasingly tense standoff. This price compression comes at a time when broader market sentiment is shifting. The US stock market has just reached a new all-time high, and analysts believe crypto could ...Read More >
New Delhi: Was it the pitch? Was it the conditions? Was it the bowling? The questions doing the rounds after yet another strange show in good batting conditions by India were many. But with the exception of Shubman Gill, who became just the second Indian captain, after Mohammad Azharuddin, to score hundreds in consecutive matches in England, and Yashasvi Jaiswal, few India batters managed to answer them in a satisfactory manner. After being put into bat by England, India looked like they were in control at various points during the day but then somehow contrived to gift away wickets and end t ...Read More >
Trump's pressure on countries to remain tied to a US-dollar-based financial system could backfire, with potential increased motivation for BRICS to create alternatives. While the dollar's dominance persists due to existing economic strengths, recent global currency agreements indicate a cautious shift away from reliance on the greenback.Donald Trump's pressure on countries around the world to stay anchored to a US-dollar-based financial system is a tactic that risks backfiring, market watchers say. Dollar dominance looks set to continue for the foreseeable future and emerging nations' idea of ...Read More >
Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. After days of fluctuating around the $105,000 range, Bitcoin appears to be succumbing to pressure from bears and profit-taking from traders. The most recent 24 hours were marked by Bitcoin losing its hold on the $105,000 price level, crashing until it rebounded at a lower support range around $101,000. However, technical analysis of Bitcoin's daily candlestick timeframe chart shows that this price level is increasingly under threat, and a formation is currently in place that co ...Read More >
Hyderabad: Chief Minister A Revanth Reddy on Thursday warned educational institutions that cases would be booked against them if drugs were found in their premises. The CM announced that the state's Anti-Narcotics Bureau would henceforth be known as Elite Action Group for Drug Law Enforcement (EAGLE) and was tasked with curbing the menace of narcotics in the state. Speaking at an event marking the International Day Against Drug Abuse and Illicit Trafficking 2025 at Shilpakala Vedika here, Reddy placed an onus on educational institutions to ensure their campuses were free of drugs. "It is the ...Read More >